Glance Finance has announced an investment of ₹3.17 million (~$35,770.19) in Rajasthan-based power transformer solutions company, Kotsons (KPL), through the acquisition of 62,400 equity shares.

Each share carries a face value of ₹10 (~$0.11) and has been acquired at a price of ₹50.85 (~$0.57)/share.

Following this transaction, Glance Finance’s total shareholding in KPL will increase from 719,656 shares, representing 5.14% of KPL’s equity, to 782,056 shares, equivalent to 5.59%.

The acquisition is being carried out through the secondary market and is expected to be completed by October 31, 2025. The timeline may be extended further by mutual agreement between the parties if required.

KPL is engaged in designing, manufacturing, and supplying advanced transformer solutions. Its product range includes oil-filled transformers, cast-resin and vacuum-pressure-impregnated dry-type transformers, special-purpose transformers, and transformers for renewable energy applications.

The company also manufactures K-rated, isolation, earthing, multi-pulse, and ester oil-based transformers.

Additionally, KPL provides turnkey electric vehicle (EV) charging solutions, including compact substations and multi-bay charging hubs that combine substations and multiple EV kiosks into unified packages.

The company also develops specialized solar transformers and energy storage systems under its “Kotson’s Neo Energy” division.

KPL’s manufacturing facility has a total production capacity of 4,000 MVA. It has over 800,000 installations across more than 50 countries.

KPL’s turnover has shown fluctuations over the previous financial years. It reported no turnover in financial year (FY) 2023–24, ₹164.5 million (~$1.86 million) in FY 2022–23, and ₹325.09 million (~$3.67 million) in FY 2021–22.

Glance Finance clarified in its regulatory filing that the transaction does not involve any related-party interest. Neither the promoter, the promoter group, nor any of Glance Finance’s affiliated companies has any connection with KPL.

In September of this year, solar module manufacturer Waaree Energies announced that it would acquire a 64% equity stake in KPL for ₹1.92 billion (~$21.79 million).